Indiana FSA Service Centers
Indiana has 18 USDA Farm Service Agency county offices. Contact your local office to begin a Direct Farm Loan application — processing times average 60 days for Direct loans and 30 days for Guaranteed loans.
The Indiana State Department of Agriculture's Agriculture and Rural Development division administers loan participation programs and beginning farmer support for Indiana producers. Programs work in conjunction with commercial lenders and FSA to expand credit access for new and established farmers. Learn more at in.gov/isda →
Best Farm Lenders for Indiana Farmers
Rates current as of May 2026. Lender availability confirmed for Indiana.
Farm Lenders — Indiana
5 lenders · Sorted by editorial rating| # | Lender | Loan Type | Rate Range | Max Loan | IN Presence | |
|---|---|---|---|---|---|---|
| 1 |
Compeer Financial
4.8 ★ · Primary Farm Credit lender in Indiana
|
Land, Operating, Equipment | 5.95%–9.25% | $25M+ | ✓ Indiana | Apply → |
| 2 |
National Funding
4.6 ★ · Best for working capital
|
Operating, Equipment | 7.00%–24.00% | $500,000 | ✓ Indiana | Apply → |
| 3 |
Fora Financial
4.4 ★ · Fast operating capital
|
Operating, Equipment | 7.00%–35.00% | $1,500,000 | ✓ Indiana | Apply → |
| 4 |
Lendio
4.3 ★ · Marketplace — compare multiple lenders
|
Operating, Equipment, Land | Varies | $5,000,000 | ✓ Indiana | Apply → |
| — |
USDA FSA Direct Loans
Government program · No affiliate relationship with USDA
|
Land, Operating, Emergency | 4.75%–5.50% | $600,000 | 18 IN Offices | Learn More → |
Indiana Farmland Loan Market: What to Know in 2026
Indiana farmland averaging $8,900 per acre ranks among the highest in the Midwest, driven by highly productive Class A soils in the central and northern parts of the state. Counties like Boone, Hamilton, Clinton, and Tippecanoe contain some of the most productive farmland in the country — ground that regularly appraises at $10,000–$12,000 per acre and creates steep entry barriers for beginning farmers.
Compeer Financial is the primary Farm Credit lender in Indiana, providing long-term fixed and variable rate farmland financing for Indiana's corn and soybean operations. The high land values in Indiana mean that FSA beginning farmer preference programs are particularly valuable — qualifying for a Guaranteed loan with a lower down payment requirement can make the difference between being able to purchase your first farm ground or not.
Indiana-Specific Underwriting Considerations
Indiana lenders typically underwrite cropland at 70–80% LTV for Class A soils. The state's flat terrain and highly productive soils mean there is relatively less variation in land quality — and therefore less variation in lender requirements — than in more topographically diverse states. For beginning farmers, Indiana's FSA Beginning Farmer Preference allows priority access to FSA funds during application periods.
Indiana Farm Loan Application Checklist
Gather these documents before contacting lenders to speed up the underwriting process.
- 3 years federal tax returns (Schedule F for farm income)
- Current balance sheet (assets, liabilities, net worth)
- Current year cash flow projection (crop insurance documentation helpful)
- Legal description and most recent appraisal of property (if land purchase)
- FSA farm records (farm number, crop history) from your county FSA office
- Government-issued ID and Social Security number for credit pull
- Existing loan statements (machinery notes, operating lines, land mortgages)